Nifty April Monthly straddle

13 Mar 2023

Nifty on broad time frame is still in a big range consolidation. I am keeping an eye on 17200 Monthly straddle which is currently trading at 725rs for April monthly series, which gives a protection range of 16480 to 17900.

20 Mar 2023

Not

17200 straddle now at 636 ...down by around 90 points ...
giving around 4% return in a week

23 Mar 2023

Not

Down to 540 now ....decay of 140 points so far :) keep trailing now

29 Mar 2023

Not

Nifty hasn't really moved in literally in last two weeks inspite of all the global negativity around,

The trade idea was posted 2 weeks back and is giving almost 10% return so far

31 Mar 2023

İşlem kapandı: hedefe ulaştı

One can close this with around 10% gain in 2 weeks, will look for another opportunity around mid April